For the second half of 2024, Nigeria’s economic landscape presents a mix of challenges and strategic opportunities that demand careful navigation. GDP growth in the first half of the year
Global Economic Landscape, no dramatic rebound in sightBased on series of projections, global GDP growth is projected at between 1.5 – 2.8%in 2023. The factors influencing these forecasts are similar.
Nigeria’s economy has posted GDP expansion for four quarters since its last recession recordedin 2020. However, the current growth rate levels are unable to halt the steady decline in incomesand
Oil prices: In a global oil market threatened with over-supply, it appears that OPEC, and its ally Russia, are doing a good job of limiting production.